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5G Technologies Global Market Report 2022

NEW YORK, Sep 23, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of “5G Technologies Global Market Report 2022” – https://www.reportlinker.com/p06320347/?utm_source=GNW
11 billion in 2022 at a compound annual growth rate (CAGR) of 48.8%. The 5G technologies market is expected to grow to $99.76 billion in 2026 with a compound annual growth rate (CAGR) of 34.9%.

The 5G market consists of sales of 5G services by entities (enterprises, sole traders and partnerships) that provide faster download speeds, lower latency, greater capacity and connectivity to billions of devices. 5G technology is the next generation of wireless communication which is expected to provide internet connections about 40 times faster than 4G LTE technology.

5G technology may use different spectral bands, including the millimeter wave (mmWave) radio spectrum, with the ability to carry a very large amount of data over a short distance.

The main types of chips for 5G technologies are ASIC chips, RFID chips, millimeter wave technology chips, and FPGAs. ASIC, or Application Specific Integrated Circuit, refers to a microchip designed for a special application, such as as a type of transmission protocol or a handheld computer.

The communications infrastructure is a small cell, macro cell, and wireless access network (operating). The core network technologies are Software Defined Networking (Sdn), Network Function Virtualization (NFV), Mobile Computing (MEC), Fog Computing (FC) and Distributed Antenna System (DAS).

The diverse end users involved are automotive, industrial, consumer electronics, healthcare, energy and utilities, and other end users.

North America was the largest region in the 5G technologies market in 2021. The regions covered in the 5G technologies report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

The increase in government initiatives to promote and deploy emerging 5G technology is expected to drive the growth of the 5G technologies market, mainly because 5G technology has a significant impact on mobile networks, physical networks, computing facilities, hosting and deployment systems, services and infrastructure coordination.

It has become imperative for every government to ensure that 5G technology reaches its full potential, as it supports thousands of new consumer and business applications in manufacturing, energy, healthcare and automotive markets, for example, the Chinese government expects to start the commercial launch of a 5G network by 2020 with a range of 3400-3600Mbps. Hz.

The government also plans to use a spectrum of 25 and 40 GHz frequencies to ensure high-speed internet across the country, similarly, phone companies AT&T, Verizon, T-Mobile and Sprint have plans to introduce 5G mobile networks in the USA in 2019.

Therefore, the increase in government initiatives is leading to the growth of the 5G technology market.

Security and privacy concerns are an important constraint on the 5G market, mainly because the 5G market is facing standard and evolving cyber security threats, and the security of user data becomes a critical challenge for the 5G wireless transmission system/infrastructure due to the multiplicity of networked devices and the diversity of technology.

For example, according to experts at the 2019 Canadian Wireless and Telecommunications Association event, 5G networks have 200 times more attack waves, or paths to reach a network, than their 4G predecessors.

The growing collaboration between 5G technology companies is an emerging trend in the 5G market, mainly because these companies focus on developing robust 5G infrastructure and facilitating innovative platforms, by sharing their resources, knowledge, technology and cost.

These collaborations also help companies in the event of license expiration, lack of technological know-how and a stringent regulatory environment, for example, in February 2019, Ericsson partnered with Intel to develop a next-generation device management platform that will provide transparency, agility, and efficiency for 5G network and distributed cloud and Network Function Virtualization (NFV).

Similarly, AT&T entered into a collaboration with Rush University Medical Center to bring the first 5G-enabled hospital to the United States in January 2019.

The market for 5G technologies is governed by the European Electronic Communications Act (EECC) which establishes regulations regarding 5G technologies within the European Union.

Accordingly, in March 2022 the European Union adopted regulations to speed up 5G network installations by simplifying the deployment of small antennas that provide last mile 5G networks, and the regulation defines the physical and technical characteristics of small cells, sets strict limits on their size and power, and exempts them from planning permits (while retaining with national oversight), and manipulating their appearance to make them less noticeable.

Hence, such regulations will benefit 5G technology companies, and drive the 5G market.

In June 2022, Qualcomm, a US-based semiconductor company, acquired Cellwize Wireless Technologies Pte.Ltd for an undisclosed amount.

This acquisition is expected to advance Qualcomm Technologies’ 5G infrastructure solutions to support the digital transformation of industries, advance the connected smart edge, and support the growth of the cloud economy.

Ltd is a Singapore-based telecom services provider.

The countries covered by the 5G technology market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States of America.
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